Ardmore Shipping Q2 FY26 net income more than doubled to USD 60.5 million; revenue rises 61.35% to USD 116.21 million

Reuters2026/07/29 12:04

By:Reuters

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Ardmore Shipping posted net income attributable to common stockholders of USD 60.5 million, or USD 1.48 a share, for the quarter ended June 30, 2026.
Revenue rose to USD 116.2 million, while average fleet TCE climbed to USD 38,073 per day.
Adjusted earnings (non-GAAP) were USD 48.3 million, or USD 1.18 a share; the board declared a USD 0.79 dividend per share.
MR tankers earned average spot TCE of USD 51,870 per day, while chemical tankers averaged USD 26,887 per day.
Completed the sale of the Ardmore Engineer for USD 35.5 million; exercised options for two additional 40,500 dwt Handysize newbuildings, taking the order to four.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ardmore Shipping Corporation published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Ardmore Shipping Q2 FY26 net income more than doubled to USD 60.5 million; revenue rises 61.35% to USD 116.21 million

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